Eighty-four billion dinars, the value of the Iraqi Stock Exchange trading during the first quarter of 2021

Thursday 22, April 2021 21:40
 
Baghdad ( NINA ) - The Iraq Stock Exchange (the stock exchange) announced, on Thursday, that it had traded 133 billion shares worth 84 billion dinars during the first quarter of this year.

The market said in a statement that it organized "during the first quarter of 2021 (56) a trading session for the shares of joint-stock companies that will last from Sunday to Thursday of every week."

She indicated that no deliberation sessions were organized during "Sunday 21/2, 28/2, 7/3, 3/14 and 3/21/2021, as they fall within the period of a comprehensive curfew based on the decisions of the National Safety Committee."

Trading during the first quarter of 2020 was limited, according to the statement, to "the shares of Iraqi joint stock companies for not offering any new financial instruments by joint stock companies or government institutions."

The number of companies listed on the Iraq Stock Exchange reached 103 joint-stock companies. Likewise, the number of companies suspended from trading for not submitting the annual disclosure reached 19 companies.

The market index achieved an increase of 11% compared to the close of 2020 and an increase of 17% compared to the close of January 2021.

The total number of shares traded to foreigners reached 35% of the total number of shares traded for the market. They also bought 29 billion shares worth 18 billion dinars through the implementation of 2232 purchase deals on 58 joint-stock companies, while 17 billion shares were sold at a value of 10 billion dinars through the implementation of 994 sale deals on 49 joint-stock companies.

The market confirmed in its statement that these results were achieved as a result of “the Securities Commission’s decision to amend Article (1) of the Joint Stock Companies Disclosure Instructions No. (8) to become as follows (Every company listed on the Iraq Stock Exchange must provide the Commission with the annual report within a period not exceeding (150) days after the end of its fiscal year and its publication in available media).

In addition to "the submission of 13 joint stock companies financial statements as of December 31, 2020, in addition to the effect of the change in the exchange rate of foreign currencies against the Iraqi dinar, stimulating the purchase order on stocks, as it is one of the sources of investment and also because it is one of the stores of value." / End 8

https://ninanews.com/Website/News/Details?key=900589

So, 60 million USD? wow